Malaysia's AirAsia X forms committee to review Airbus bribery allegations

Malaysian long-haul budget airline AirAsia X has formed a board committee to review corruption allegations by Britain’s Serious Fraud Office (SFO), a stock exchange filing showed Wednesday. The AirAsia X committee will comprise non-executive members of the board excluding Kamarudin Meranun and Tony Fernandes, who are co-founders of its parent company AirAsia Group, the filing with the Bursa Malaysia said. AirAsia Group said Monday it had also set up a committee to review the allegations and that CEO Fernandes and Chairman Kamarudin would step aside for at least two months while the airline and authorities investigate the allegations.<br/>